Nvidia As the New Market Cap King, Fresh Record Highs, Musk Walks Back Comments 6/20/24

Carl Quintanilla, Melissa Lee and Michael Santoli explored the mega-tech rally, with Nvidia surpassing Microsoft and Apple to become the world's most valuable company. The chipmaker extended its gains, helping the S&P 500 and Nasdaq hit fresh record highs. The anchors also reacted to what Elon Musk said at Cannes Lions about advertisers, months after he uttered profane remarks aimed at those who wouldn't place ads on his X platform. Also in focus: Lilly sues to stop counterfeit obesity drugs, Boeing safetly scrutiny, KB Home and Accenture jump post-earnings, Piper Sandler's chief strategist on "softilocks" and the markets, why Amazon is ditching plastic. Squawk on the Street Disclaimer

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.